Midland raises $6.1M with Centerra Gold taking 9.9% stake

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Midland Announces Non-Brokered Charity Flow-Through Financing with Strategic Investment from Centerra Gold

July 22, 2025 7:30 AM EDT

MONTREAL, July 22, 2025 (GLOBE NEWSWIRE) -- Midland Exploration Inc. (Midland or the Corporation) (TSX-V: MD) is pleased to announce that the Corporation has arranged a non-brokered private placement (the Charity FT Offering) for aggregate gross proceeds of $5,058,750 from the sale of 10,650,000 shares of the Corporation (each a FT Share) at a price of $0.475 per FT Share. Each FT Share will qualify as a flow-through share within the meaning of subsection 66(15) of the Income Tax Act (Canada) (Tax Act).

Concurrently with the Charity FT Offering, the... More